LMR Partners LLP lowered its stake in shares of ConocoPhillips (NYSE:COP) by 11.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,709 shares of the energy producer’s stock after selling 2,287 shares during the quarter. LMR Partners LLP’s holdings in ConocoPhillips were worth $779,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp increased its stake in shares of ConocoPhillips by 3.9% during the 1st quarter. State Street Corp now owns 65,388,296 shares of the energy producer’s stock valued at $3,260,918,000 after acquiring an additional 2,452,533 shares during the last quarter. FMR LLC increased its stake in shares of ConocoPhillips by 6.9% during the 1st quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock valued at $3,066,900,000 after acquiring an additional 3,982,002 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of ConocoPhillips by 1.1% during the 1st quarter. Macquarie Group Ltd. now owns 15,981,830 shares of the energy producer’s stock valued at $797,013,000 after acquiring an additional 176,055 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of ConocoPhillips by 255.3% during the 1st quarter. Wellington Management Group LLP now owns 12,803,885 shares of the energy producer’s stock valued at $638,530,000 after acquiring an additional 9,200,014 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of ConocoPhillips by 21.0% during the 1st quarter. First Eagle Investment Management LLC now owns 10,065,496 shares of the energy producer’s stock valued at $501,966,000 after acquiring an additional 1,744,860 shares during the last quarter. 68.90% of the stock is owned by institutional investors.

A number of research analysts have recently commented on COP shares. Citigroup Inc. dropped their price objective on shares of ConocoPhillips from $65.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Cowen and Company set a $55.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Tuesday, July 18th. Royal Bank Of Canada set a $62.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Sunday, July 16th. Scotiabank set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a report on Saturday, July 1st. Finally, Jefferies Group LLC set a $59.00 target price on ConocoPhillips and gave the stock a “buy” rating in a report on Sunday, July 30th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $54.15.

ConocoPhillips (NYSE:COP) opened at 49.40 on Friday. The stock’s market capitalization is $60.12 billion. ConocoPhillips has a 1-year low of $40.37 and a 1-year high of $53.17. The stock’s 50 day moving average price is $47.22 and its 200 day moving average price is $46.10.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, July 27th. The energy producer reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. The business had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $6.74 billion. During the same period in the previous year, the firm earned ($0.79) earnings per share. Equities research analysts forecast that ConocoPhillips will post $0.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 16th will be paid a dividend of $0.265 per share. The ex-dividend date is Friday, October 13th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.15%. ConocoPhillips’s dividend payout ratio (DPR) is presently -34.98%.

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About ConocoPhillips

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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